Most described in chart.
1. Green arrows at present illustrate 3 different directions we can take (upwards). Obviously, if we break our support I will be selling.
2. I have illustrated a cycle of breakouts, consolidations, and upwards momentum.
3. I have given multiple "frameworks" for how the future may be informed by the very limited number of trend lines we can imagine.
4. My plan is to sell at 27 if we hit 28 and then drop back down. If we drop to 27, I sell, then we go up I will be looking to buy at 32/33sats. This is because if we breakout of this triangle we have nothing solid to inform the next top. My dotted pink and red line could be considered speculative trends.
5. About the red dotted line and my strategy to work around it. If we break out of our current triangle, I will be treating the red dotted line as a new top. If we break out of that, we will be at 31sats. Remember from history, after breakouts we have consolidation, then rise. So, in point "4." I mentioned I would sell if we dropped from 28 to 27 at the current obvious triangle. I will buy again at 32 or 33 sats because it would indicate to me that we are entering consolidation. From this point forward I would be looking out for either a cup and handle being formed or another rise.
This is not trading advice, just my views on the new BTT and how I plan to approach it. Don't trade based on my ideas. With BTT, think very big picture. "What will it look like in 6 months time?" It will certainly not be oscillating betwen 20 and 30sats =D! We are at the start of a major fall, or a major rise over for the long term. BitTorrent is a big deal and Tron has really proven itself this past year. This to me means our fundamentals are strong enough to place BTT in the top 10 in these early years of Blockchain Tech.
Again, not trading advice.
1. Green arrows at present illustrate 3 different directions we can take (upwards). Obviously, if we break our support I will be selling.
2. I have illustrated a cycle of breakouts, consolidations, and upwards momentum.
3. I have given multiple "frameworks" for how the future may be informed by the very limited number of trend lines we can imagine.
4. My plan is to sell at 27 if we hit 28 and then drop back down. If we drop to 27, I sell, then we go up I will be looking to buy at 32/33sats. This is because if we breakout of this triangle we have nothing solid to inform the next top. My dotted pink and red line could be considered speculative trends.
5. About the red dotted line and my strategy to work around it. If we break out of our current triangle, I will be treating the red dotted line as a new top. If we break out of that, we will be at 31sats. Remember from history, after breakouts we have consolidation, then rise. So, in point "4." I mentioned I would sell if we dropped from 28 to 27 at the current obvious triangle. I will buy again at 32 or 33 sats because it would indicate to me that we are entering consolidation. From this point forward I would be looking out for either a cup and handle being formed or another rise.
This is not trading advice, just my views on the new BTT and how I plan to approach it. Don't trade based on my ideas. With BTT, think very big picture. "What will it look like in 6 months time?" It will certainly not be oscillating betwen 20 and 30sats =D! We are at the start of a major fall, or a major rise over for the long term. BitTorrent is a big deal and Tron has really proven itself this past year. This to me means our fundamentals are strong enough to place BTT in the top 10 in these early years of Blockchain Tech.
Again, not trading advice.